What to Do with Rollover FSA Money If You Got an HSA in 2018?

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Managing leftover FSA funds when switching

When transitioning from a Flexible Spending Account (FSA) to a Health Savings Account (HSA) in 2018, you may have leftover FSA funds to manage. It's important to be aware of your options and make the best decisions for your healthcare savings. Here are some steps you can take:

When transitioning from a Flexible Spending Account (FSA) to a Health Savings Account (HSA) in 2018, many find themselves with leftover FSA funds. Knowing your options can help you make the most of your healthcare savings.

FSA rollover rules and deadlines to check

1. Understand Your FSA Rollover Rules:

• Check if your FSA allows rollover funds after switching to an HSA.
• Know the deadline for using any remaining FSA funds.

Using FSA funds and maximizing HSA contributions

2. Utilize FSA Funds:

- Spend your FSA funds on eligible medical expenses before they expire.

3. Maximize HSA Contributions:

- Contribute the maximum allowed amount to your HSA for 2018 to maximize your tax benefits.

4. Use FSA Funds Strategically:

- Coordinate between your FSA and HSA to optimize healthcare spending.

By following these steps, you can effectively manage your rollover FSA funds when transitioning to an HSA in 2018.